Airlines & Lessors

Air France-KLM has admitted there is room for improvement, after a research report exposed a cultural rift between the Dutch and French sides of the group.

Finnair is increasingly seeing the benefits of fleet renewal and a cost-efficiency program feed through to its bottom line, the company said July 20.

UK low-cost carrier (LCC) easyJet has confirmed EasyJet Europe has launched operations after securing an air operator’s certificate (AOC) and an operating license by Austrian aviation authorities.

Ranked by operating revenue, operating profit, net profit.

Ranked by passengers and aircraft movements.

Ranked by passengers and aircraft movements.

Ranked by fleet size.

French Skyteam carrier Air France has christened its new lower-cost airline, which was previously known as the Boost project, as ‘Joon’ and named Jean-Michel Mathieu as CEO.

Swiss regional carrier Etihad Regional has been sold to Luxembourg-based private equity fund 4K Invest, owners of Slovenia’s Adria Airways.

​ANA appointed former EVP and board member Yuji Hirako the airline’s president and CEO in April. He succeeded Osamu Shinobe, who was promoted to vice chairman of ANA Holdings.

Central and Eastern European low-cost carrier (LCC) Wizz Air has announced three new appointments to the roles of deputy CEO, CFO and CTO.

Central and Eastern Europe low-cost carrier (LCC) Wizz Air recorded a 50.4% jump in net income for the first three months of its financial year, which runs from March 31-June 30, 2017.

Ultra-low-cost carrier (ULCC) Spirit Airlines expects to record higher-than-anticipated second-quarter unit revenue but a smaller capacity increase, largely because of “pilot-related flight cancellations,” the airline said July 17.

Chinese carriers transported 263 million passengers in the 2017 first half, up 13.4% over the year-ago period.

United Airlines posted an $818 million net profit for the second quarter of 2017, a 39.1% increase over the Chicago-based airline’s $588 million net income in 2Q 2016.

An attempt to re-create Irish low-cost carrier Ryanair’s model in another market would be “one of the greatest mistakes we could make,” according to Ryanair CEO Michael O’Leary.

FedEx’s Netherlands-based subsidiary TNT Express continues to experience residual effects from the June 28 “Petya” cyberattack, with the financial impact of the incident “likely [to] be material,” the company said.

The Lufthansa Group increased its profit forecast for 2017 as first-half preliminary figures showed adjusted earnings before interest and taxes (EBIT) more than doubled to €1.04 billion ($1.2 billion) from €529 million in the year-ago period.

Halifax-based Chorus Aviation Capital (CAC), the leasing arm of Chorus Aviation, will acquire two Embraer E190s with attached leases, the company said June 17, bringing in the first Embraer aircraft to the CAC portfolio.

Startup South Korean regional carrier Air Pohang has unveiled its first aircraft, and plans to add two more by the end of this year.

Lufthansa subsidiary Brussels Airlines must continue to reduce its cost base as it faces growing competition from low-cost carriers (LCCs) in its home market, CEO Bernard Gustin told ATW.